Form 4: Apple Director Susan Wagner Exercises Stock Options, Acquires Shares

Apple director Susan Wagner exercised restricted stock units, acquiring 1,852 shares of common stock on February 1, 2024.

Summary

• Susan Wagner, a director at Apple Inc., exercised restricted stock units on February 1, 2024.
• This transaction resulted in the acquisition of 1,852 shares of Apple common stock.
• The restricted stock units were granted on March 10, 2023, and vested fully on February 1, 2024.
• Following the transaction, Ms. Wagner directly owns 60,975 shares of Apple stock.
• She also indirectly owns 400 shares through her spouse as custodian for a child and 6,000 shares through her spouse.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. It indicates that a director is increasing their stake in the company, which can be seen as a positive sign.

Industry Context

This is a routine filing related to stock-based compensation for a company director, which is common practice in publicly traded companies like Apple. It reflects the alignment of interests between management and shareholders.

Comparison to Industry Standards

• Stock option and restricted stock unit grants are standard compensation practices for directors and executives in large technology companies like Apple.
• Companies such as Microsoft, Google, and Amazon also use similar equity-based compensation plans to incentivize their leadership.
• The vesting schedule and terms of these grants are typically disclosed in SEC filings, allowing for comparison across companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows a director's increased investment in the company.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

stock options, restricted stock units, insider trading, beneficial ownership, corporate governance, equity securities, director, Apple